Tenanted Ground Floor Pizza Take-away and 2 self-contained flats, producing £23,600 pa, increasing to £26,200 pa.
Recently renovated three storey building, briefly comprising ground floor pizza take-away with two self-contained one bed flats to the first and second floors. The property is fully let and tenanted as follows: Ground Floor: Pizza Take-away, let by way of a 5 year lease (incorporating 3 year break) from May 2018 at a stepped rental of £10,400 pa, increasing to £13,000 pa in year 2. First Floor Flat: £550 pcm (£6,600 pa) Second Floor Flat: £550 pcm (£6,600 pa) Total current rental income is therefore £23,600 pa increasing to £26,200 pa in year 2. The property is prominently situated fronting onto Heaton Lane, adjacent to Regent House and Stockport Travelodge Hotel, within Stockport town centre, close to the junction with Wellington Road South (A6) with all amenities including Mersey Way Shopping Centre, Bus Station and Train Station all in the immediate vicinity.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating C, C, E
Stockport Metropolitan Borough Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.